JLG sales hit $1 billion for third quarter
By Lindsey Anderson29 July 2014
Sales in North America and Europe boosted JLG's third quarter sales to $1.04 billion, a record for the access equipment manufacturer.
Third quarter revenues were up 10.4 percent due to $558 million in aerial work platform sales, $324.4 million in telehandler sales and $156.7 million in other revenues, parent company Oshkosh reported. Operating profits for the quarter were up eight percent to $166.8 million.
"The improvement was principally the result of higher unit volumes in North America and Europe and higher pricing, offset in part by the absence of U.S. military telehandler sales under a contract that was completed in the fourth quarter of fiscal 2013," the company reported. Overall, sales of access equipment, excluding U.S. military telehandler sales in fiscal 2013, rose 13.2 percent in the third quarter.
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